Carnival Corp. Q3 Income Advances 11%

The company has a market cap of $31,299 million and the number of outstanding shares have been calculated to be 593,457,000 shares.

Carnival Corp (NYSE:CCL) last issued its quarterly earnings results on Tuesday, September 22nd. Currently, Wall Street is expecting the company to post a profit of $1.62 per share, up from earnings of $1.58 per share a year ago.

Revenue during the quarter went down marginally by 1.29 percent to $4,883 million from $4,947 million in the previous year period.

Chief Executive Arnold Donald said in a news release that the company has less inventory remaining for the first half of 2016 than at the same time past year, which, he said, bodes well for revenue yield improvement.

For 2015 overall, Carnival increased its earnings-per-share guidance to be in the range of $2.56 to $2.60, versus $1.93 per share in 2014.

Carnival Corp (NYSE:CCL) opened the session at $50.81, trading in a range of $49.79 – $51.35, and was at $51.18.

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. Carnival plc has a 12-month low of $33.47 and a 12-month high of $55.81. This represents a $1.20 annualized dividend and a dividend yield of 2.26%.

Several brokerages recently commented on CCL. The company presently has a consensus rating of Buy and an average price target of $55.83. As of today, our analysts report that there was short interest in total of 9440300 of CCL shares. Buckingham Research raised their price target on Carnival Corp from $58.00 to $60.00 and gave the stock a buy rating in a research note on Wednesday, June 24th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company’s 50-day moving average price is $50.84 and its 200 day moving average price is $48.64.

Carnival Corp (NYSE:CCL) had its target price boosted by JPMorgan Chase & Co. from $52.00 to $57.00 in a research report sent to investors on Wednesday morning, StockTargetPrices.com reports. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

With more ships set to launch in 2016 – including Princess Cruises’ Golden Princess in China – and others in the works, Carnival is well-positioned to meet the cruise industry’s strong demand. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (EAA) cruise brands, and Cruise Support. Additionally, it also has a Tour along with Other segment.

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